| 1 | 1 | | FIRSTREGULARSESSION |
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| 2 | 2 | | HOUSEBILLNO.364 |
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| 3 | 3 | | 103RDGENERALASSEMBLY |
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| 4 | 4 | | INTRODUCEDBYREPRESENTATIVEAMATO. |
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| 5 | 5 | | 0283H.02I DANARADEMANMILLER,ChiefClerk |
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| 6 | 6 | | ANACT |
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| 7 | 7 | | Torepealsection135.800,RSMo,andtoenactinlieuthereoftwonewsectionsrelatingtoa |
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| 8 | 8 | | taxcreditforcertaincharitabledonations. |
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| 9 | 9 | | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: |
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| 10 | 10 | | SectionA.Section135.800,RSMo,isrepealedandtwonewsectionsenactedinlieu |
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| 11 | 11 | | 2thereof,tobeknownassections135.640and135.800,toreadasfollows: |
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| 12 | 12 | | 135.640.1.Asusedinthissection,thefollowingtermsmean: |
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| 13 | 13 | | 2 (1)"Localhospitalfoundation",anyhospitalfoundationthat: |
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| 14 | 14 | | 3 (a)IsexemptfromtaxationunderSection501(c)(3)oftheInternalRevenue |
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| 15 | 15 | | 4Codeof1986,asamended;and |
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| 16 | 16 | | 5 (b)Providesfinancialreliefforunpaidhospitalbillsforservicesprovidedatnot- |
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| 17 | 17 | | 6for-profithospitalstoanypersonwhomthefoundationdeemstobeinneedofreliefin |
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| 18 | 18 | | 7theareainwhichthetaxpayerclaimingthetaxcreditunderthissectionresides,but |
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| 19 | 19 | | 8donationsmadebyaqualifiedtaxpayertosuchfoundationmaybeutilizedbythe |
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| 20 | 20 | | 9foundationtosupportprograms,equipmentpurchases,oranyothermannerthe |
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| 21 | 21 | | 10foundationdeterminesasnecessarythatalignswiththefoundation'spurposeandgoals; |
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| 22 | 22 | | 11 (2)"Qualifiedamount",foranyqualifiedtaxpayerinagiventaxyear,an |
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| 23 | 23 | | 12amountequaltofiftypercentofthevalueofthedonationsmadetoalocalhospital |
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| 24 | 24 | | 13foundation,totheextentsuchamountwassubtractedfromfederaladjustedgross |
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| 25 | 25 | | 14incomeorfederaltaxableincomeisaddedbackintothedeterminationofMissouri |
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| 26 | 26 | | 15adjustedgrossincomeorMissouritaxableincomebeforethecreditcanbeclaimed; |
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| 27 | 27 | | 16 (3)"Qualifiedtaxpayer",anyindividualsubjecttothestateincometaximposed |
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| 28 | 28 | | 17underchapter143whomakesadonationtoalocalhospitalfoundation; |
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| 29 | 29 | | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis |
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| 30 | 30 | | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 18 (4)"Taxcredit",acreditagainstthetaxotherwisedueunderchapter143, |
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| 31 | 31 | | 19excludingwithholdingtaximposedundersections143.191to143.265. |
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| 32 | 32 | | 20 2.ForalltaxyearsbeginningonorafterJanuary1,2026,aqualifiedtaxpayer |
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| 33 | 33 | | 21shallbeallowedtoclaimataxcreditagainstthetaxpayer'sstateincometaxliabilityin |
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| 34 | 34 | | 22anamountequaltothetaxpayer'squalifiedamount.Eachtaxpayerclaimingatax |
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| 35 | 35 | | 23creditunderthissectionshallfileanaffidavitwithhisorherincometaxreturn |
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| 36 | 36 | | 24verifyingtheamountofthetaxpayer'sdonations.Theamountofthetaxcreditclaimed |
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| 37 | 37 | | 25shallnotexceedtheamountofthetaxpayer'sstateincometaxliabilityforthetaxyear |
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| 38 | 38 | | 26thatthecreditisclaimedandshallnotexceedtwothousandfivehundreddollarsper |
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| 39 | 39 | | 27taxpayerclaimingthecredit. |
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| 40 | 40 | | 28 3.Thecumulativeamountoftaxcreditsallowedtoalltaxpayersunderthis |
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| 41 | 41 | | 29sectionshallnotexceedtwomilliondollarspercalendaryear.Iftheamountoftax |
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| 42 | 42 | | 30creditsclaimedinacalendaryearunderthissectionexceedstwomilliondollars,tax |
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| 43 | 43 | | 31creditsshallbeallowedbasedontheorderinwhichtheyareclaimed. |
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| 44 | 44 | | 32 4.Notaxcreditclaimedunderthissectionshallberefundable,buttheunused |
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| 45 | 45 | | 33portionofataxcreditthathasbeenclaimedandallowedmaybecarriedforwardtoany |
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| 46 | 46 | | 34ofthetaxpayer'sthreesubsequenttaxyears. |
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| 47 | 47 | | 35 5.Notaxcreditclaimedunderthissectionshallbeassigned,transferred,sold,or |
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| 48 | 48 | | 36otherwiseconveyed. |
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| 49 | 49 | | 37 6.Thetaxcreditauthorizedunderthissectionshallconstituteadomesticand |
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| 50 | 50 | | 38socialtaxcredit,assuchtermisdefinedundersection135.800,andshallbesubjectto |
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| 51 | 51 | | 39theprovisionsofsections135.800to135.830. |
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| 52 | 52 | | 40 7.Notwithstandinganyprovisionofsection105.1500tothecontrary,any |
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| 53 | 53 | | 41requirementtoprovideinformation,documents,orrecordsunderthissection,andany |
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| 54 | 54 | | 42requirementestablishedbythedepartmentofrevenuetoprovideinformation, |
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| 55 | 55 | | 43documents,orrecordsforthepurposeofadministeringandenforcingthissection, |
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| 56 | 56 | | 44shallbeexemptfromsection105.1500. |
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| 57 | 57 | | 45 8.Thedepartmentofrevenueshallpromulgateallnecessaryrulesand |
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| 58 | 58 | | 46regulationsfortheadministrationofthissectionincluding,butnotlimitedto,rules |
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| 59 | 59 | | 47relatingtotheverificationofataxpayer'squalifiedamount.Anyruleorportionofa |
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| 60 | 60 | | 48rule,asthattermisdefinedinsection536.010,thatiscreatedundertheauthority |
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| 61 | 61 | | 49delegatedinthissectionshallbecomeeffectiveonlyifitcomplieswithandissubjectto |
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| 62 | 62 | | 50alloftheprovisionsofchapter536and,ifapplicable,section536.028.Thissectionand |
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| 63 | 63 | | 51chapter536arenonseverableandifanyofthepowersvestedwiththegeneralassembly |
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| 64 | 64 | | 52pursuanttochapter536toreview,todelaytheeffectivedate,ortodisapproveandannul |
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| 65 | 65 | | 53arulearesubsequentlyheldunconstitutional,thenthegrantofrulemakingauthority |
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| 66 | 66 | | 54andanyruleproposedoradoptedafterAugust28,2025,shallbeinvalidandvoid. |
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| 67 | 67 | | HB364 2 55 9.Undersection23.253oftheMissourisunsetact: |
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| 68 | 68 | | 56 (1)Theprovisionsofthenewprogramauthorizedunderthissectionshall |
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| 69 | 69 | | 57automaticallysunsetDecemberthirty-first,sixyearsaftertheeffectivedateofthis |
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| 70 | 70 | | 58sectionunlessreauthorizedbyanactofthegeneralassembly; |
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| 71 | 71 | | 59 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection |
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| 72 | 72 | | 60shallautomaticallysunsetDecemberthirty-first,twelveyearsaftertheeffectivedateof |
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| 73 | 73 | | 61thereauthorizationofthissection; |
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| 74 | 74 | | 62 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear |
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| 75 | 75 | | 63immediatelyfollowingthecalendaryearinwhichtheprovisionsauthorizedunderthis |
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| 76 | 76 | | 64sectionaresunset;and |
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| 77 | 77 | | 65 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway |
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| 78 | 78 | | 66impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe |
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| 79 | 79 | | 67programauthorizedunderthissectionexpires. |
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| 80 | 80 | | 135.800.1.Theprovisionsofsections135.800to135.830shallbeknownandmay |
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| 81 | 81 | | 2becitedasthe"TaxCreditAccountabilityActof2004". |
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| 82 | 82 | | 3 2.Asusedinsections135.800to135.830,thefollowingtermsmean: |
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| 83 | 83 | | 4 (1)"Administeringagency",thestateagencyordepartmentchargedwith |
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| 84 | 84 | | 5administeringaparticulartaxcreditprogram,assetforthbytheprogram'senacting |
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| 85 | 85 | | 6statute;wherenodepartmentoragencyissetforth,thedepartmentofrevenue; |
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| 86 | 86 | | 7 (2)"Agriculturaltaxcredits",theagriculturalproductutilizationcontributortaxcredit |
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| 87 | 87 | | 8createdpursuanttosection348.430,thenewgenerationcooperativeincentivetaxcredit |
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| 88 | 88 | | 9createdpursuanttosection348.432,thefamilyfarmbreedinglivestockloantaxcreditcreated |
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| 89 | 89 | | 10undersection348.505,thequalifiedbeeftaxcreditcreatedundersection135.679,andthe |
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| 90 | 90 | | 11wineandgrapeproductiontaxcreditcreatedpursuanttosection135.700; |
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| 91 | 91 | | 12 (3)"Businessrecruitmenttaxcredits",thebusinessfacilitytaxcreditcreatedpursuant |
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| 92 | 92 | | 13tosections135.110to135.150andsection135.258,theenterprisezonetaxbenefitscreated |
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| 93 | 93 | | 14pursuanttosections135.200to135.270,thebusinessuseincentivesforlarge-scale |
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| 94 | 94 | | 15developmentprogramscreatedpursuanttosections100.700to100.850,thedevelopmenttax |
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| 95 | 95 | | 16creditscreatedpursuanttosections32.100to32.125,therebuildingcommunitiestaxcredit |
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| 96 | 96 | | 17createdpursuanttosection135.535,the[film] qualifiedmotionmediaproductionproject |
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| 97 | 97 | | 18taxcreditcreatedpursuanttosection135.750,theenhancedenterprisezonecreatedpursuant |
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| 98 | 98 | | 19tosections135.950to135.970,andtheMissouriqualityjobsprogramcreatedpursuantto |
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| 99 | 99 | | 20sections620.1875to620.1900; |
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| 100 | 100 | | 21 (4)"Communitydevelopmenttaxcredits",theneighborhoodassistancetaxcredit |
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| 101 | 101 | | 22createdpursuanttosections32.100to32.125,thefamilydevelopmentaccounttaxcredit |
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| 102 | 102 | | 23createdpursuanttosections208.750to208.775,thedryfirehydranttaxcreditcreated |
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| 103 | 103 | | HB364 3 24pursuanttosection320.093,andthetransportationdevelopmenttaxcreditcreatedpursuantto |
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| 104 | 104 | | 25section135.545; |
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| 105 | 105 | | 26 (5)"Domesticandsocialtaxcredits",theyouthopportunitiestaxcreditcreated |
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| 106 | 106 | | 27pursuanttosection135.460andsections620.1100to620.1103,theshelterforvictimsof |
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| 107 | 107 | | 28domesticviolenceorrapecrisiscentertaxcreditcreatedpursuanttosection135.550,the |
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| 108 | 108 | | 29seniorcitizenordisabledpersonpropertytaxcreditcreatedpursuanttosections135.010to |
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| 109 | 109 | | 30135.035,theadoptiontaxcreditcreatedpursuanttosections135.325to135.339,the |
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| 110 | 110 | | 31championforchildrentaxcreditcreatedpursuanttosection135.341,thematernityhometax |
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| 111 | 111 | | 32creditcreatedpursuanttosection135.600,thesurvivingspousetaxcreditcreatedpursuantto |
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| 112 | 112 | | 33section135.090,theresidentialtreatmentagencytaxcreditcreatedpursuanttosection |
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| 113 | 113 | | 34135.1150,thepregnancyresourcecentertaxcreditcreatedpursuanttosection135.630,the |
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| 114 | 114 | | 35foodpantrytaxcreditcreatedpursuanttosection135.647,theresidentialdwellingaccesstax |
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| 115 | 115 | | 36creditcreatedpursuanttosection135.562,thedevelopmentaldisabilitycareprovidertax |
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| 116 | 116 | | 37creditcreatedundersection135.1180,thesharedcaretaxcreditcreatedpursuanttosection |
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| 117 | 117 | | 38192.2015,thehealth,hunger,andhygienetaxcreditcreatedpursuanttosection135.1125, |
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| 118 | 118 | | 39[and]thediaperbanktaxcreditcreatedpursuanttosection135.621, andthelocalhospital |
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| 119 | 119 | | 40foundationcharitabledonationtaxcreditcreatedundersection135.640; |
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| 120 | 120 | | 41 (6)"Entrepreneurialtaxcredits",thecapitaltaxcreditcreatedpursuanttosections |
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| 121 | 121 | | 42135.400to135.429,thecertifiedcapitalcompanytaxcreditcreatedpursuanttosections |
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| 122 | 122 | | 43135.500to135.529,theseedcapitaltaxcreditcreatedpursuanttosections348.300to |
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| 123 | 123 | | 44348.318,thenewenterprisecreationtaxcreditcreatedpursuanttosections620.635to |
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| 124 | 124 | | 45620.653,theresearchtaxcreditcreatedpursuanttosection620.1039,thesmallbusiness |
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| 125 | 125 | | 46incubatortaxcreditcreatedpursuanttosection620.495,theguaranteefeetaxcreditcreated |
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| 126 | 126 | | 47pursuanttosection135.766,andthenewgenerationcooperativetaxcreditcreatedpursuantto |
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| 127 | 127 | | 48sections32.105to32.125; |
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| 128 | 128 | | 49 (7)"Environmentaltaxcredits",thecharcoalproducertaxcreditcreatedpursuantto |
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| 129 | 129 | | 50section135.313,thewoodenergytaxcreditcreatedpursuanttosections135.300to135.311, |
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| 130 | 130 | | 51andthealternativefuelstationstaxcreditcreatedpursuanttosection135.710; |
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| 131 | 131 | | 52 (8)"Financialandinsurancetaxcredits",thebankfranchisetaxcreditcreated |
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| 132 | 132 | | 53pursuanttosection148.030,thebanktaxcreditforScorporationscreatedpursuanttosection |
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| 133 | 133 | | 54143.471,theexamfeetaxcreditcreatedpursuanttosection148.400,thehealthinsurance |
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| 134 | 134 | | 55pooltaxcreditcreatedpursuanttosection376.975,thelifeandhealthinsuranceguaranty |
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| 135 | 135 | | 56associationtaxcreditcreatedpursuanttosection376.745,thepropertyandcasualtyguaranty |
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| 136 | 136 | | 57associationtaxcreditcreatedpursuanttosection375.774,andtheself-employedhealth |
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| 137 | 137 | | 58insurancetaxcreditcreatedpursuanttosection143.119; |
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| 138 | 138 | | 59 (9)"Housingtaxcredits",theneighborhoodpreservationtaxcreditcreatedpursuant |
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| 139 | 139 | | 60tosections135.475to135.487,thelow-incomehousingtaxcreditcreatedpursuantto |
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| 140 | 140 | | HB364 4 61sections135.350to135.363,andtheaffordablehousingtaxcreditcreatedpursuantto |
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| 141 | 141 | | 62sections32.105to32.125; |
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| 142 | 142 | | 63 (10)"Recipient",theindividualorentitywhoboth: |
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| 143 | 143 | | 64 (a)Istheoriginalapplicantforataxcredit;and |
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| 144 | 144 | | 65 (b)Whodirectlyreceivesataxcreditortherighttotransferataxcreditunderatax |
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| 145 | 145 | | 66creditprogram,regardlessastowhetherthetaxcredithasbeenusedorredeemed;arecipient |
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| 146 | 146 | | 67shallnotincludethetransfereeofatransferabletaxcredit; |
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| 147 | 147 | | 68 (11)"Redevelopmenttaxcredits",thehistoricpreservationtaxcreditcreatedpursuant |
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| 148 | 148 | | 69tosections253.545to253.559,thebrownfieldredevelopmentprogramtaxcreditcreated |
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| 149 | 149 | | 70pursuanttosections447.700to447.718,thecommunitydevelopmentcorporationstaxcredit |
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| 150 | 150 | | 71createdpursuanttosections135.400to135.430,theinfrastructuretaxcreditcreatedpursuant |
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| 151 | 151 | | 72tosubsection6ofsection100.286,thebondguaranteetaxcreditcreatedpursuanttosection |
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| 152 | 152 | | 73100.297,thedisabledaccesstaxcreditcreatedpursuanttosection135.490,thenewmarkets |
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| 153 | 153 | | 74taxcreditcreatedpursuanttosection135.680,andthedistressedareaslandassemblagetax |
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| 154 | 154 | | 75creditcreatedpursuanttosection99.1205; |
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| 155 | 155 | | 76 (12)"Taxcreditprogram",anyofthetaxcreditprogramsincludedinthedefinitions |
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| 156 | 156 | | 77ofagriculturaltaxcredits,businessrecruitmenttaxcredits,communitydevelopmenttax |
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| 157 | 157 | | 78credits,domesticandsocialtaxcredits,entrepreneurialtaxcredits,environmentaltaxcredits, |
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| 158 | 158 | | 79housingtaxcredits,redevelopmenttaxcredits,andtrainingandeducationaltaxcredits; |
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| 159 | 159 | | 80 (13)"Trainingandeducationaltaxcredits",theMissouri[works] onestartnewjobs |
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| 160 | 160 | | 81taxcreditandMissouri[works] onestartretainedjobscreditcreatedpursuanttosections |
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| 161 | 161 | | 82620.800to620.809. |
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| 162 | 162 | | âś” |
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| 163 | 163 | | HB364 5 |
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